Halberd Corp. (OTC: HALB) shares saw substantial gains during Wednesday's trading session, closing with a remarkable 34.50% increase, marking a surge that was 4.5 times higher than the average 60-day volume. On December 13, 2023, the company garnered attention as it announced a comprehensive agreement with CrodenHealth.com. This collaboration encompasses various aspects, including the production, marketing, sales, and global distribution of Halberd's patented low-dose naltrexone combo offering. The terms of the agreement also granted CrodenHealth.com the right of first refusal for future products emerging from Halberd's development pipeline.
The press release also disclosed that Peter Croden, Chairman of the Board at CrodenHealth, brings substantial expertise to the table with over three decades of experience in the pharmaceutical industry. Collectively, the experience of Peter Croden, his son Brad Croden, and nephew Todd Croden spans more than five decades in the pharmaceutical sector. In collaboration with Halberd, CrodenHealth will play a role in joint venture development, funding, and drug certification initiatives.
CrodenHealth Brand's CEO, Croden, shared insights on the deal yesterday, expressing the company's excitement about capitalizing on both the present and future intellectual property of Halberd. This collaboration is poised to create new, profitable revenue streams for CrodenHealth. He concluded by emphasizing that this agreement marks the beginning of a promising, long-term partnership.
William A. Hartman, the CEO, President, and Chairman of Halberd, acknowledged CrodenHealth's impressive track record in similar collaborations with major pharmaceutical companies and highlighted its extensive network. The partnership is expected to be mutually beneficial, signaling a promising start to a lasting relationship. The stock of Halberd Corp. (OTC: HALB) is presently trading at $0.0045 and seems to be on an upward trend, making it a stock worth monitoring, given its 52-week high of $0.0196.
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